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Aug 2, 2012
08/12
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mario monti on tour about how to solve the euro crisis. and yes, and it became obvious at the last summit in brussels where finland already positioned itself as a hard-liner country. germany is very much in the spotlight, but germany is the bigger economy as well, and people are looking to germany more than they are and looking to finland. what mario monti is likely to achieve is that it will increase awareness for the country's with increased difficulty for the country but would not change politicians' minds in the north, especially when it comes to a strict no regarding the banking license for the eosin. >> it is also amazing to see this public lobbying going on now among eurozone leaders. how did you see this playing out? >> that will just depend on how sustainable the situation is when it comes to borrowing costs. italy and spain is costs are soaring. other countries are experiencing even negative rates, and this phenomenon just highlights that the eurozone really needs to do more to achieve full economic and fiscal integration. the ma
mario monti on tour about how to solve the euro crisis. and yes, and it became obvious at the last summit in brussels where finland already positioned itself as a hard-liner country. germany is very much in the spotlight, but germany is the bigger economy as well, and people are looking to germany more than they are and looking to finland. what mario monti is likely to achieve is that it will increase awareness for the country's with increased difficulty for the country but would not change...
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Jul 5, 2012
07/12
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mario monti and angela merkel meet after last week's show them. found the dog particle they were looking for. >> fashion week in berlin. the beautiful people are out in force as another season hits the catwalk. >> last week, they seemed like foes, but today, friends. german chancellor angela merkel and italian prime minister mario monti put on a show of unity at talks in rome today. damage europe's debt crisis topped the agenda. monti insists his country will not need bailouts because of public finances, he predicted, the will be improving. >> the meeting offered a different mood compared to last week when the leaders were at odds over sharing europe's debt. >> a meeting to clear the air. after last week's eu summit, much was made of angela merkel concessions to her italian counterpart. the two leaders appeared to resolve differences. >> italy has taken important steps to set the course within a very short space of time. the prime minister made it clear that further measures will be decided in the coming days to complete the process. >> i have ass
mario monti and angela merkel meet after last week's show them. found the dog particle they were looking for. >> fashion week in berlin. the beautiful people are out in force as another season hits the catwalk. >> last week, they seemed like foes, but today, friends. german chancellor angela merkel and italian prime minister mario monti put on a show of unity at talks in rome today. damage europe's debt crisis topped the agenda. monti insists his country will not need bailouts...
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Feb 13, 2012
02/12
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what else did mario monti say? i know he talked to maria about the labor markets, that is still the sticking point in the italian economy. >> reporter: it is indeed. this is one of the key challenges, mario monti is trying to achieve. he's already brought about reforms to competitiveness in industries such as taxes by issuing more licenses, allowing more pharmacies to open up, changing fees that lawyers charge. these are the key initiatives and this is what monti took with him to washington and also to wall street last week as he went on the offensive to try to convince politicians and investment bankers that he's doing enough to restore italy's credibility on markets and we know that funding costs have been coming down across italy thanks largely it to the ecb's ltro operation, just how much time that buys the likes of italy, that's the big question mark for markets. if we take a look at some of the comments the italian prime minister has been making because last week we also saw a down grade to 34 of the 37 itali
what else did mario monti say? i know he talked to maria about the labor markets, that is still the sticking point in the italian economy. >> reporter: it is indeed. this is one of the key challenges, mario monti is trying to achieve. he's already brought about reforms to competitiveness in industries such as taxes by issuing more licenses, allowing more pharmacies to open up, changing fees that lawyers charge. these are the key initiatives and this is what monti took with him to...
WHUT (Howard University Television)
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Dec 10, 2012
12/12
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mario monti came in as the leader of this technocrat government. he had to walk a tightrope. he had to calm the market. he did that. the cost of borrowing came down. the markets and investors look at this uncertainty and they are all over the place. the cost of borrowing is on the way up, and the market has fallen. the main one is down by 3.5%. some of the banks have fallen by six. -- 6%. >> this crisis has always been a crisis of confidence. lately, confidence has improved. markets are doing much better. the ec become a bureau -- the central bank has improved -- the ec beet -- the ecb has improved. we could see up. -- a period of nervousness again. clearly, this is not a good development. >> it is all about the same issue -- austerity and taxes. >> la grande sortie. the exit of their rich friends who are getting out -- of the rich french who are getting out. anybody earning over 75 million -- over 1 million euros paying 75%. >> your political determination determines your point of view. there are plenty of people staying behind saying, we believe we have benefited from the f
mario monti came in as the leader of this technocrat government. he had to walk a tightrope. he had to calm the market. he did that. the cost of borrowing came down. the markets and investors look at this uncertainty and they are all over the place. the cost of borrowing is on the way up, and the market has fallen. the main one is down by 3.5%. some of the banks have fallen by six. -- 6%. >> this crisis has always been a crisis of confidence. lately, confidence has improved. markets are...
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Feb 17, 2012
02/12
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angela merkel has canceled her meeting with mario monti. christian wulff is going to resign over a financial scandal. press conferences are due in the next hour. >>> tokyo stocks sprint to another high as the yen drops on hopes of a recovery in the u.s. and bailout in greece. the boj also hints it will keep policy ultra loose for some time to come. >>> and the deal for greece by monday. i've said that before. looks increasingly likely as reports athens will be given more breathing room by germany and the ecb. plus, lehman brothers subpoenas geithner as questions continue to be asked about the activities at jpmorgan in the days before lehman collapsed. >>> and we have data out of the uk. january retail sales include 9% on the month, better than the consensus forecast of minus 0.42%, looking for a number, the highest increase since april last year in 2011 excluding the month. a bit of consensus minus 0.4. the sales deflator was 2 1/2. the latest since 2009. retail sales including sales at 1.2% on the three-month. the point is it's better than
angela merkel has canceled her meeting with mario monti. christian wulff is going to resign over a financial scandal. press conferences are due in the next hour. >>> tokyo stocks sprint to another high as the yen drops on hopes of a recovery in the u.s. and bailout in greece. the boj also hints it will keep policy ultra loose for some time to come. >>> and the deal for greece by monday. i've said that before. looks increasingly likely as reports athens will be given more...
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monti's let's call him what he is he's a technocrat he was installed just like we saw inside of greece we will see the crisis escalate we will see fear and panic and i believe personally it is in geneva fear in panic in order to implement the agenda that they've talked about for a decade now global financial governance you need to have fear in order to take away people's sovereignty so briefly that should moody's have held off such a potentially damaging move given how volatile the financial mood is today. hard question to answer and you know because i'm looking at it from purely a perspective of collusion between these rating agencies and these too big to fail institutions i don't think there's any more chance of them holding off then there is been bernanke he truly fixing the the economy of the united states or the world for that matter so you know should they have held off they shouldn't even be in existence as far as i'm concerned where was moody's in two thousand and eight where was fitch and s. and p. in two thousand and eight you know in this country in the last ten years we've
monti's let's call him what he is he's a technocrat he was installed just like we saw inside of greece we will see the crisis escalate we will see fear and panic and i believe personally it is in geneva fear in panic in order to implement the agenda that they've talked about for a decade now global financial governance you need to have fear in order to take away people's sovereignty so briefly that should moody's have held off such a potentially damaging move given how volatile the financial...
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monti said he might seek a second term i don't remember him seeking a first from your description it sounds terrifying easy for brussels today that. step see you're across have to take these were civilian jumpers ok it is true that the letter of constitutional propriety was observed in the sense that parliament in both cases indorse the new government that's the case with every dictatorship starting from the podium they always manage to get the parliamentary vote in their favor the reality is that we're dealing with administrations that have been imposed on countries because keeping those countries in the your was thought to be more important than allowing them to vote for the policies they want we do appear to be drawing nearer to a referendum on whether the u.k. should stay in the european union what would it take do you think for the government to take that final step well politicians in my experience feel the heat before they see the light i don't think any political party likes referendums to be honest because politicians are instinctively mistrustful of a process whose outcome
monti said he might seek a second term i don't remember him seeking a first from your description it sounds terrifying easy for brussels today that. step see you're across have to take these were civilian jumpers ok it is true that the letter of constitutional propriety was observed in the sense that parliament in both cases indorse the new government that's the case with every dictatorship starting from the podium they always manage to get the parliamentary vote in their favor the reality is...
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but i would sometimes we're going to hear this hijacking scenario where some technocrat like mario monti put a gun to the people said it's either give us all your money or we're going to take all your assets going to do it anyway so i want to form some kind of resistance against this global occupation by bankers you know the people have to stand up and realize that no one's going to help them but themselves they need to push out the kleptocrats of the the banking terrorists as i call them and stand up for themselves until they do something for themselves don't want to do anything for them or thank you very much there mexico economic expert and host of the consul report here thanks for talking to us. saving the euro is going to be the priority fully dissolve the euro zone's full biggest economies who are meeting in rome whether there's enough time to rescue the single currency is also the topic for debate with peta lavelle and his guests in cross talk coming your way to today . yes the ways are but there's a cost significant cost of attached to each way out so i think what europe is doing
but i would sometimes we're going to hear this hijacking scenario where some technocrat like mario monti put a gun to the people said it's either give us all your money or we're going to take all your assets going to do it anyway so i want to form some kind of resistance against this global occupation by bankers you know the people have to stand up and realize that no one's going to help them but themselves they need to push out the kleptocrats of the the banking terrorists as i call them and...
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monti as a prime minister you might have a very different result there and it looks like there is a trend develop we mean in some other southern european countries like spain and portugal we've seen the results of the elections in spain that's completely changed what was happening in the prime minister role so i think having him having a union means that you need to think about all your members and you need to be inclusive and at the moment the problem with the european union is that although stages in its inception was going to be an inclusive union giving to the less developed member states opportunities to develop sort of structural funds through the financing that the commission of the law established back in the eighty's and we now move to a union which is basically dominated by two if not one country doing whatever they want keeping the common currency low because we need to put that into the equation germany right now has significant exports because their currency the euro is a is a low cut answer them ok guys i mean i was going to dollars mark i'd like to go to people saying
monti as a prime minister you might have a very different result there and it looks like there is a trend develop we mean in some other southern european countries like spain and portugal we've seen the results of the elections in spain that's completely changed what was happening in the prime minister role so i think having him having a union means that you need to think about all your members and you need to be inclusive and at the moment the problem with the european union is that although...
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Jul 13, 2012
07/12
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despite austerity measures, prime misr mario monti has a masse bturnf almost two trillion euros. a moh ago, italy w paying almost 4%ntes on its bonds. on tsday, it dropped to 2.7%, thowtat since may. e roan fiscal impact stresses greater budgetary discipne >> on to market. european shares traded lower and played catch up after the slump in the united states. w pmpd by indications from the u.s. central bank said itil hold off on enhanced stimulus measures despite oniceaes here are the numbers, starting in frankfurt. beat -- the dax down. the eurto 50 down by an even ear ou. and the euro trading at a value of $1.2194. french carmaker peugot will be clinonf its plants near paris. explains the economic crisis. european leaders are cli is an economic earthquake. >> in the past, southern eope has been at major market for peugot's contact cards- compact cars. e company worries that turnover could plummet 10%. otr caon a set to undergo restructuring. peugot's ieexuteay the company is facing a difficult situation on the european market. the group has lost00ilon euros each month for the pa
despite austerity measures, prime misr mario monti has a masse bturnf almost two trillion euros. a moh ago, italy w paying almost 4%ntes on its bonds. on tsday, it dropped to 2.7%, thowtat since may. e roan fiscal impact stresses greater budgetary discipne >> on to market. european shares traded lower and played catch up after the slump in the united states. w pmpd by indications from the u.s. central bank said itil hold off on enhanced stimulus measures despite oniceaes here are the...
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Jul 11, 2012
07/12
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we'll keep an eye on spanish, italian bond yields because we have mario monti talking about, we might need help, too. >> we'll keep checking on bonds as we go through the show because unsustainable levels. plenty coming up as we move throughout the next couple of hours. we're pleased you've come to yoin us to run through this journey we are about to embark upon. i'm getting a bit overexcited. >>> still to come on today's show, as i try to calm down a little bit, we'll be speaking to senior strategist between the relationship between australia and china and what it means for the aussie/dollar, what he think investors should expect in terms of further losses. >>> we'll preview the interest rate decision due in brazil as policy makers are expected to slash rates there to a record low. >>> indonesia is only one of the rapidly growing markets that one of our upcoming guests says will be the engines of global growth next year. find out which other countries she says fit the bill at 10:45 cet. >>> 11:35, 5:30 a.m. eastern, we'll head out to dallas to find out one why money manager is telling
we'll keep an eye on spanish, italian bond yields because we have mario monti talking about, we might need help, too. >> we'll keep checking on bonds as we go through the show because unsustainable levels. plenty coming up as we move throughout the next couple of hours. we're pleased you've come to yoin us to run through this journey we are about to embark upon. i'm getting a bit overexcited. >>> still to come on today's show, as i try to calm down a little bit, we'll be speaking...
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monti says a three card monte gomorrah come or a. lot of coffee creamer. i'm thinking of the coffee kramer think of my head away from the great italian espresso best espresso in the world in my opinion but like i said you know these are politicians professionals lawyers and accountants aiding and abetting them so what's the difference between one guy who's they say is a mafia and the likes of mario monti who is appointed he's thrust onto the population unelected and he dictates them what they can and cannot spend. and controls their financial system controls their liquidity controls the same thing that the mafia is doing well the men in the mafia calls it the black market and the bankers call it the shadow banking system they each have their dark exchanges and they're under the table underhanded black and of financial rape that they make huge profits on whether it's the banks on wall street the city of london or the mafia in italy or elsewhere around the world they're all adopting each other's business model because it's highly profi
monti says a three card monte gomorrah come or a. lot of coffee creamer. i'm thinking of the coffee kramer think of my head away from the great italian espresso best espresso in the world in my opinion but like i said you know these are politicians professionals lawyers and accountants aiding and abetting them so what's the difference between one guy who's they say is a mafia and the likes of mario monti who is appointed he's thrust onto the population unelected and he dictates them what they...
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Aug 7, 2012
08/12
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so for the government of mario monti clearly a a need for a circuit breaker. he can't squeeze out more money from the real money from the economy in terms of new taxes and we need a break. so the effect of the financial crisis of the high spread on the real economy. basically there will be no pass for the economy in 2012 and the experts say 2013 will be down between 1 and 0.5%. >> thanks for that. >>> let's get a check of how u.s. futures are trading as we head closer to the start of the u.s. session. it's green behind me. the dow jones industrials average implied to open higher by 28 points. nasdaq pointed higher by 16 or so and the s&p 500 trying to add two or three points as well. european markets can give you a sense of the kind of trading we've seen overnight. the ftse 100 is the underperformer down .22%. xetra dax is up .40%. camelback about the same amount. ibex in spain trying to continue the gains up 1% so far this morning. >> meanwhile, we've seen italian yields -- they recovered a lot in the last few trading sessions. but that data is significant he
so for the government of mario monti clearly a a need for a circuit breaker. he can't squeeze out more money from the real money from the economy in terms of new taxes and we need a break. so the effect of the financial crisis of the high spread on the real economy. basically there will be no pass for the economy in 2012 and the experts say 2013 will be down between 1 and 0.5%. >> thanks for that. >>> let's get a check of how u.s. futures are trading as we head closer to the...
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Jul 12, 2012
07/12
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despite austerity measures, prime minister mario monti has a massive debt burden of almost two trillion euros. a month ago, italy was paying almost 4% interest on its bonds. on tuesday, it dropped to 2.7%, the lowest rate since may. the european fiscal impact stresses greater budgetary discipline. >> on to market. european shares traded lower and played catch up after the slump in the united states. it was prompted by indications from the u.s. central bank said it will hold off on enhanced stimulus measures despite economic weakness. here are the numbers, starting in frankfurt. beat -- the dax down. the eurostoxx 50 down by an even greater amount. and the euro trading at a value of $1.2194. french carmaker peugot will be closing one of its plants near paris. explains the economic crisis. >> european leaders are calling this an economic earthquake. >> in the past, southern europe has been at major market for peugot's contact cards -- compact cars. the company worries that turnover could plummet 10%. other locations are set to undergo restructuring. peugot's chief executive says the compa
despite austerity measures, prime minister mario monti has a massive debt burden of almost two trillion euros. a month ago, italy was paying almost 4% interest on its bonds. on tuesday, it dropped to 2.7%, the lowest rate since may. the european fiscal impact stresses greater budgetary discipline. >> on to market. european shares traded lower and played catch up after the slump in the united states. it was prompted by indications from the u.s. central bank said it will hold off on...
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Jul 4, 2012
07/12
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andrea, what are we expecting from mario monti today? >> well, everything is set for the meeting that will start early this afternoon. basically, the message coming from rome this morning is this is not the second run of the european council. there will be no winners and losers. and mario monti said that the headlines of the meeting in europe should have been angela plus mario equals a new european policy based on growth but also on budgetary discipline. so clearly the veto, the italian veto on the grove pack edge in brussels clearly disturbed angela merkel. at the same time the sources in rome are expecting the italian government to get more measures to angela merkel and his colleagues in rome of the italian efforts to get more discipline in its public spending. for example, yesterday was discussed a public spending cuts for $7 billion which will be necessary to avoid raising the taxes in aucts. so mario monti is under pressure from the leaders of the union that want action strikes against what has been presented yesterday. 10% slashing
andrea, what are we expecting from mario monti today? >> well, everything is set for the meeting that will start early this afternoon. basically, the message coming from rome this morning is this is not the second run of the european council. there will be no winners and losers. and mario monti said that the headlines of the meeting in europe should have been angela plus mario equals a new european policy based on growth but also on budgetary discipline. so clearly the veto, the italian...
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Jun 28, 2012
06/12
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mario monti made the mistake saying we got to save the eurozone. his slip up. >> this is where we stand right now. bund yields are low, 1.15%. italian yield, spanish yields over 7%. recession worse than we thought for the third quarter and year on year basis for third quarter. the focus will be on italy yields above 6%. auctioning up to 5.5 billion of five and ten year btps. five year trading at 6% as well. a lot of stress to emanate in the shoernt. maybe three year italian yield up over 5%. though we quote the benchmark 10 year much more stress in the short end which is rather concerning as well for the italian government. just remind you as well where we stand in the currency markets. euro/dollar on their three week loss. dollar up across the board against other things. yen benefiting the most. aussie back down, sterling dollar steady. euro/sterling is below 80 this morning and we heard some said it may sustain a move below 80. >> angela merkel says she has no illusions that the eyes of the world will be on germany as eu leaders meet today for a
mario monti made the mistake saying we got to save the eurozone. his slip up. >> this is where we stand right now. bund yields are low, 1.15%. italian yield, spanish yields over 7%. recession worse than we thought for the third quarter and year on year basis for third quarter. the focus will be on italy yields above 6%. auctioning up to 5.5 billion of five and ten year btps. five year trading at 6% as well. a lot of stress to emanate in the shoernt. maybe three year italian yield up over...
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Jun 29, 2012
06/12
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mario monti hailed it as an achievement. >> translator: countries that would like to take advantage of this stabilizing intervention should ask for it. if they stick to the existing requirements they won't have to be subject to a specific program. they will have to sign a memorandum of understanding and won't be monitored by a troika commission. >> leaders also agreed on the creation of a single supervisory body. brussels said more concrete proposals will be unveiled shortly. >> we'll see what more comes out of that. undoubtedly the market reaction pretty clear this morning. you can see down here about 16 stocks in negative territory. heavyweighted to the upside. just to show you those main headline indices. we got the dax up 2.5, the cac up 2.5, the ibex up almost 3%. french banks all up around 5.5% as well as deutsche up near 4%. what's that done to bond yields? at the end of the day it's about getting bond yields lower. in spain yesterday we went through 7%. we are back down this morning, 6.5%. many people will say that's still unsustainable. we'll have to see the proof of this summ
mario monti hailed it as an achievement. >> translator: countries that would like to take advantage of this stabilizing intervention should ask for it. if they stick to the existing requirements they won't have to be subject to a specific program. they will have to sign a memorandum of understanding and won't be monitored by a troika commission. >> leaders also agreed on the creation of a single supervisory body. brussels said more concrete proposals will be unveiled shortly....
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Jul 14, 2012
07/12
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. >> earlier this week, prime minister mario monti did not rule out tapping into the eurozone's new rescue fund. italy's position remains precarious. the country still has to raise another 180 billion euros before the end of 2012. >> that successful bond auction gave a boost to shares at the end of the week. let's look at the closing numbers kicking off in frankfurt with the dax managed to pack on more than two full percent. across the atlantic, on wall street, the dow at this hour trading up by a clear 1.5%. even the euro is gaining strength, trading at a value of $1.2244. america's biggest bank, jpmorgan chase, has now admitted that losses from a derivatives trading scandal were at least $5.8 billion. that is more than doubled the amount originally admitted to. >> despite those losses, the company racked up profits of around $5 billion in the second quarter. that is 9% down on the same time last year. meanwhile, the bank has considered that traders may have tried to cover up losses from those trades earlier this year, but it says it has not cleaned up its act. >> in germany, the governme
. >> earlier this week, prime minister mario monti did not rule out tapping into the eurozone's new rescue fund. italy's position remains precarious. the country still has to raise another 180 billion euros before the end of 2012. >> that successful bond auction gave a boost to shares at the end of the week. let's look at the closing numbers kicking off in frankfurt with the dax managed to pack on more than two full percent. across the atlantic, on wall street, the dow at this hour...
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Dec 13, 2012
12/12
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sylvia berlusconi appears to be endorsing mario monti. speaking at a press conference in rome, he said he would give up his ambitions to run if monti ran as the central coalition. he then went on to say he still plan toes run for office. he also said bond spreads were a, quote, hoke, that the euro was not a true currency since there was no central bank willing to print money like they do in japan. >>> meanwhile, moody's says that the political turmoil in italy will have little impact on the country aes sovereign debt rating. our next guest disagrees and says he sees repricing of debt in italy. he's sylvia peruso. why are you concerned about moody's taking action here in italy? >> good morning. i think italy has a number of big challenges next year. as you can see, the market remains extremely sensitive to the fluid political landscape at the moment. but most people see it as a significant growth challenge with which the market will have to reconsider a bit of trajectory as to the fiscal consolidation path and the extent to which the world
sylvia berlusconi appears to be endorsing mario monti. speaking at a press conference in rome, he said he would give up his ambitions to run if monti ran as the central coalition. he then went on to say he still plan toes run for office. he also said bond spreads were a, quote, hoke, that the euro was not a true currency since there was no central bank willing to print money like they do in japan. >>> meanwhile, moody's says that the political turmoil in italy will have little impact...
WHUT (Howard University Television)
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May 18, 2012
05/12
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the first to arrive, italy's mario monti, a low-profile technocrat who took over from a populist politician. his job, to stop italy from being the next in the euro crisis. >> we can now go live to our correspondent in madrid. tom, we have just been hearing that the focus of the crisis moved to madrid overnight with this downgrading of many of spain's banks. when spaniards went to work this morning, did you get a sense of crisis? what did the government say today? >> it is very interesting. you do not see the crisis in spain. you have to go looking for it. the banking crisis, you do not see that. there are the troubles of bankia. obviously, share prices jumped back up again. there is some reassuring signs today. we expect the government will announce a restructuring plan ia.t week for bank it has brought in lots of reforms to try to reform the amount of money banks hold to try to cancel out the losses from the property market crash. the banks made a lot of that possible. they're still a lot of uncertainty about the position of the banks in the position of the spanish government. >> and terms
the first to arrive, italy's mario monti, a low-profile technocrat who took over from a populist politician. his job, to stop italy from being the next in the euro crisis. >> we can now go live to our correspondent in madrid. tom, we have just been hearing that the focus of the crisis moved to madrid overnight with this downgrading of many of spain's banks. when spaniards went to work this morning, did you get a sense of crisis? what did the government say today? >> it is very...
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Feb 15, 2012
02/12
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. >> in other news, mario monti says his government will not support rome's bid to host the 2020 olympic games due to the difficult financial situation. he told reporters that there was a unanimous agreement that doing so would put taxpayers' money at risk. he has been under pressure from rome's mayor to support the bid. the duchess of cambridge had a warm welcome on one of her first official visit. >> that is right. large crowds turned out in liverpool to greet the touches on a valentine's day and visit to the city's, this second solo visit she carried out. she visited a charity devoted to helping recovering addicts. she certainly made a lot of people very happy. >> her husband may be posted 8,000 miles away, but the duchess of cambridge is still celebrated a valentine's day. her suitor was an 8 year old called jackson. prince william sent a card and flowers to his wife. first stop, an alcohol free bar in the city center. we shot -- should be shown how to make a non-alcoholic cocktail called the duchess. ♪ there was also a performance by this choir of recovering addicts are run by the
. >> in other news, mario monti says his government will not support rome's bid to host the 2020 olympic games due to the difficult financial situation. he told reporters that there was a unanimous agreement that doing so would put taxpayers' money at risk. he has been under pressure from rome's mayor to support the bid. the duchess of cambridge had a warm welcome on one of her first official visit. >> that is right. large crowds turned out in liverpool to greet the touches on a...
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following talks on the eurozone crisis, mario monti and his spanish counterpart both described the ecb measures as positive. >> not everyone wants the ecb to intervene and buy those national bonds. i talk to a representative from the frankfurt school of management earlier and asked for his take on mario draghi's pledge today. >> i would say this is a severe step towards high inflationary policy. particularly the policy of starting to monetize government debt is a policy resorted to by failing banana republics. i think the increase in the money supply -- this is what such a policy stands for -- will not solve the underlying problems, will not save the euro, but will cause additional problems, and it will erode people's lifetime savings. i think it is a severe announcement to say that the ecb will buy additional bonds. >> the final decision is due in september. is that a realistic time line? >> the number of countries in the your area which like to see higher inflation in order to get rid of the dead because the electoral -- electorate is not willing or in a position to agree to structur
following talks on the eurozone crisis, mario monti and his spanish counterpart both described the ecb measures as positive. >> not everyone wants the ecb to intervene and buy those national bonds. i talk to a representative from the frankfurt school of management earlier and asked for his take on mario draghi's pledge today. >> i would say this is a severe step towards high inflationary policy. particularly the policy of starting to monetize government debt is a policy resorted to...
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mario monti reaffirmed his commitment to maintain that a friendly relationship that we've seen. in previous years now in terms of the that's what everyone wants to hear in particular. to russia to be two hundred seventy million euros and that's to renovate moscow's sports infrastructure also known as snicko and it's a lease tekken are going to renovate a soulful part that's located in russia far north we have a deal that has to do with it's a lease and of course a rolls there and basically they've ironed out all the financial details on their deal to develop to oil reserves in the black and barren seas and also we already have analysts estimated that investments into those two shelves will exceed that won a billion dollars well i know the deal with the one billion euros this time around is an investment and so russia is in more places and this is why it's harley and develop ready sunny acar and of course italy is a very important partner for russia just last year bilateral trade increased by a quarter to forty six billion dollars that's almost pre-crisis levels and of course as
mario monti reaffirmed his commitment to maintain that a friendly relationship that we've seen. in previous years now in terms of the that's what everyone wants to hear in particular. to russia to be two hundred seventy million euros and that's to renovate moscow's sports infrastructure also known as snicko and it's a lease tekken are going to renovate a soulful part that's located in russia far north we have a deal that has to do with it's a lease and of course a rolls there and basically...
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monti spending cuts. despite government efforts italy continues to slide deeper into recession with a youth unemployment rate at thirty five percent. the u.s. defense secretary leon panetta has lashed out of the afghan president saying the country's leader should thank nato forces for fighting and dying for his country he is responding to complaints this thursday that washington is failing to go after militants based in pakistan the outcomes as the alliance continues to suffer so-called insider attacks in which afghans turn their guns on coalition troops some two thousand u.s. soldiers have lost their lives since the war began in two thousand and one. the world's top platinum producer has fired twelve thousand employees for striking over wages in south africa it's an attempt to choke away the mass walkouts that have seen the firm suffer a loss of over eighty million u.s. dollars the country's mining industry has been plagued by wildcat protest with some resulting in deaths just one day in august thirty fo
monti spending cuts. despite government efforts italy continues to slide deeper into recession with a youth unemployment rate at thirty five percent. the u.s. defense secretary leon panetta has lashed out of the afghan president saying the country's leader should thank nato forces for fighting and dying for his country he is responding to complaints this thursday that washington is failing to go after militants based in pakistan the outcomes as the alliance continues to suffer so-called insider...
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i lent him pause non striker mario monti helping himself to embrace the first inside just three minutes and ledgers equaliser nineteen minutes and give the most of our support hope to quite goals either side of the break killed the contest. so one intriguing look to the group see table for the opening round of fixtures still only two teams can qualify of course but it's christian who are in the driving seat thursday's next round of game sees italy take on the leaders of spain the irish meet and get to. know the first round of group marches conclude on monday with the focus on group d. the heavyweight class to train france and england kicks things off in donetsk before attention turns to kiev on the co-host first game skate partridge report. after poland's got the euro two thousand and twelve ball rolling in warsaw with a dramatic one one draw against greece it's now the turn of co-hosts ukraine to showcase that talents in their capital against sweden in the second group d. match on monday ukraine only played their first match as an independent nation in one thousand nine hundred ninety
i lent him pause non striker mario monti helping himself to embrace the first inside just three minutes and ledgers equaliser nineteen minutes and give the most of our support hope to quite goals either side of the break killed the contest. so one intriguing look to the group see table for the opening round of fixtures still only two teams can qualify of course but it's christian who are in the driving seat thursday's next round of game sees italy take on the leaders of spain the irish meet and...
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meanwhile its leaves prime minister mario monti and the head of the e.c.b. mario draghi have all said that they see a light at the end of the tunnel for the euro that it will be preserved and therefore we see in the year again value against the dollar and russia's ruble was in line with that trend losing value against the euro and gaining some i guess. on the stock markets russia has seen a one point five one percent drop in both the we are vs the my sixth in the seas but that's kind of logical after four days of gains is therefore this is a profit taking and you could call that a place to be just fine correction first take a look at what's happening in the united states and it's moving up and down right now more down there and really flat to negative picture on the dow and on the nasdaq as we've seen stats come in about spending reduced in the previous month but wages at the same time increasing pretty significantly. facebook is actually losing six percent this hour on the nasdaq we'll look at why in just a second on the footsie was seen a drop of more than
meanwhile its leaves prime minister mario monti and the head of the e.c.b. mario draghi have all said that they see a light at the end of the tunnel for the euro that it will be preserved and therefore we see in the year again value against the dollar and russia's ruble was in line with that trend losing value against the euro and gaining some i guess. on the stock markets russia has seen a one point five one percent drop in both the we are vs the my sixth in the seas but that's kind of logical...
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monti warned that if the summit fails sovereign borrowing costs in europe will continue to rise and weaker economies we face it you will. be. now to that eternal question what is the price of happiness with the global economy in turmoil it seems that for many of us financial security is the number one priority right from the heart of the big apple the resident tries to find out now just how much money people there need to be happy. how much of an annual salary would make you feel successful this week let's talk about that first you farai. a euro per year that would be enough for you i think it would be good seventy five thousand here on a grand hundred grand it's forty thousand dollars some preserve the fun really serves five with forty thousand dollars around a bit a hundred fifty thousand per couple that would make you feel like that's what i would say probably. two hundred thousand dollars that's a lot yeah for this why do people want so much money can it in the united states we think about its consumption but everyone knows that the things that you own own you and that the simpl
monti warned that if the summit fails sovereign borrowing costs in europe will continue to rise and weaker economies we face it you will. be. now to that eternal question what is the price of happiness with the global economy in turmoil it seems that for many of us financial security is the number one priority right from the heart of the big apple the resident tries to find out now just how much money people there need to be happy. how much of an annual salary would make you feel successful...
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Dec 24, 2012
12/12
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CNBC
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your intro was about mario monti which is all true. silvio berlusconi, the former prime minister of italy -- >> my favorite. >> thank goodness for silvio berlusconi. >> look at his hair. what is he, 76? >> 76. he just sat down with cnbc italy over the weekend. silvio berlusconi says he does not want to run for prime minister, but, he is obligated to, because the country needs him so desperately. he is the only one that can bring together 40% of the people who vote for him, so that way the left does not control italy. >> he could not get 40%, could he? or could he? >> i don't know if he could get 40%. he thinks he can get more than anybody else. >> really? >> yes. >> now the question is, 40% isn't enough once you're in a parliament, right, because of a parliamentary system and two other parties that used to support him no longer do. it's not clear what they would ultimately do, would they really link to the left? it's hard to say. more than italy, remember, they would never agree with this, but they're far more dramatic than southern it
your intro was about mario monti which is all true. silvio berlusconi, the former prime minister of italy -- >> my favorite. >> thank goodness for silvio berlusconi. >> look at his hair. what is he, 76? >> 76. he just sat down with cnbc italy over the weekend. silvio berlusconi says he does not want to run for prime minister, but, he is obligated to, because the country needs him so desperately. he is the only one that can bring together 40% of the people who vote for...
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meanwhile it's in the prime minister mario monti has said today that he sees the light at the end of the tunnel for the euro also reassuring comments from the head of the e.c.b. mario that everything will be done to preserve the euro currency and therefore seeing the euro gaining slightly against the greenback while the russian ruble was mixed about in line with the global trend on the stock markets the r.t.s. on the my six declined one the half percent was the first day of losses in five so therefore this is a correction and profit taking over in the united states was seeing the dow jones and the nasdaq moving from positive to negative territory in fact it's now slightly down pretty much flat this is as disposable incomes have increased as wages have been boosted but spending at the same time as the client in the previous. and in europe we have seen a batch of reports coming out well first of all germany's of finance ministers reportedly has it's a thing to provide a banking license to the european stability mechanism and this is not been welcomed by investors and therefore we see p
meanwhile it's in the prime minister mario monti has said today that he sees the light at the end of the tunnel for the euro also reassuring comments from the head of the e.c.b. mario that everything will be done to preserve the euro currency and therefore seeing the euro gaining slightly against the greenback while the russian ruble was mixed about in line with the global trend on the stock markets the r.t.s. on the my six declined one the half percent was the first day of losses in five so...
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monti warned that if the summit fails sovereign borrowing costs in europe will continue to rise and weaker economies will face in. the meeting in rome came as moody's rating agency downgrades fifteen of the world's biggest banks in america and europe later this hour you can watch max kaiser and stacy herbert sparing no feelings while giving us their opinion of the banks here's a brief idea of what you can expect in banking circles is called a ponzi scheme in nature we call it cancer cancer is a it invades the body it's a you know it starts to eat the body it is evermore the body to support itself the crowds out all the functioning aspects of the body and it kills the body kills the host same thing with these bankers around the world they're a cancer and they're pushing our legitimate businesses and the result will be a cancer ridden economic corpse from which a new economy must be born. now that eternal question what is the price of happiness with the global economy in turmoil it seems that for many of us financial security is the number one priority right from the heart of the big
monti warned that if the summit fails sovereign borrowing costs in europe will continue to rise and weaker economies will face in. the meeting in rome came as moody's rating agency downgrades fifteen of the world's biggest banks in america and europe later this hour you can watch max kaiser and stacy herbert sparing no feelings while giving us their opinion of the banks here's a brief idea of what you can expect in banking circles is called a ponzi scheme in nature we call it cancer cancer is a...
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monti may have returned from the e.u. summit as a winner he's facing tough times at home italians are becoming increasingly angry about the government's austerity push well turns of political force is gaining popularity and that he's here for three ports some people seemingly would rather trust a comic and their prime minister. tom that italy's economic situation is no laughing matter so it might come as some surprise that it's full of a t.v. comedian that paid. the latest character to still italy's political spotlight almost as the euro crisis continued voters have become increasingly disillusioned with mainstream politics and a radical a populist breed and grassroots movements such as youth organization the right have been growing in force and popularity that take willow and his five star movement now thrive online shunning traditional media and gaining huge respect with its younger generation something that technocrat premier nary a monkey say far failed to do they're all whispering about young people but young people
monti may have returned from the e.u. summit as a winner he's facing tough times at home italians are becoming increasingly angry about the government's austerity push well turns of political force is gaining popularity and that he's here for three ports some people seemingly would rather trust a comic and their prime minister. tom that italy's economic situation is no laughing matter so it might come as some surprise that it's full of a t.v. comedian that paid. the latest character to still...
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monti this is going to be out how to close make a bent during the course of up the later see approach does the euro survive at the moment i think probably a shrunken euro it sixty forty it can do but ultimately we're going to see swindling recession even worse of the recession retard to we've already been receiving through why the european union and that's bad for everybody in the world ultimately within the next maybe it weeks greece is going to be forced to default and that's going to be quite cataclysmic. well archie's cross-talk also focuses on greece's financial project event coming your way next hour the hidden costs of the bailout rescue. the change is clear germany you give me the cash to survive given my debt problem i'll give you my sovereignty but will the public actually comply will they agree to accept the pain of this austerity and will they agree it is to admit the most important. aspect which is your first school your budget to technocrats in brussels that are not answerable to your population through. not monitoring the greek economy that there's nothing and that's yo
monti this is going to be out how to close make a bent during the course of up the later see approach does the euro survive at the moment i think probably a shrunken euro it sixty forty it can do but ultimately we're going to see swindling recession even worse of the recession retard to we've already been receiving through why the european union and that's bad for everybody in the world ultimately within the next maybe it weeks greece is going to be forced to default and that's going to be...
WHUT (Howard University Television)
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Jan 11, 2012
01/12
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WHUT
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mario monti is to come to berlin with somewhat of a threat -- help us. >> he has come with two phrases. we promised. ouwhat secondly, if you make us tighten our belts too much, just remember that there will be protest on the streets. there's a message to chancellor merkel that austerity has consequences and there are real politics on the ground. that is the message to give to italian journalists, for example, before he left. he is saying, we are doing it, but don't forget that these things can go too far. >> what is he expecting angela merkel to do then? it is all very well for him to say that we could have protests. what does angela merkel have in her power to do? >> i think they want some kind of recognition from chancellor merkel in particular, who has a particularly german view of austerity and a very strict view of austerity in terms of budgets. they want some -- he wants some recognition that there are limits to this. if you impose cuts in public spending too much on countries where demand is already falling, you run the risk of making the situation worse. if you have a recession
mario monti is to come to berlin with somewhat of a threat -- help us. >> he has come with two phrases. we promised. ouwhat secondly, if you make us tighten our belts too much, just remember that there will be protest on the streets. there's a message to chancellor merkel that austerity has consequences and there are real politics on the ground. that is the message to give to italian journalists, for example, before he left. he is saying, we are doing it, but don't forget that these...
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monti and hysterically sentiments also expected in the spanish capital later today too and also in spain the been fresh clashes in barcelona between those supporting opposing the globe is in the hands of the rest comes as the e.u. was awarded this year's nobel peace prize for sowing peace across the continent of financial advisor and wealth manager marco petra polly marco. hi there spain's replaced greece somewhat now and it is the epicenter of the debt crisis with euro zone officials telling reporters that madrid will ask for a bailout next month we've been in this rumbles for a while now this next month of course the greek problem still remain after two aid requests so the big question kemba same solution save an economy that's five times bigger than the greeks. well i think the first thing to say is that if you've got a heavily indebted friend it may not be the appropriate solution to carry on lending the money and i think that what we've what the us pursued over the last two years is refinancing of debts was the day continues to accumulate spain is a specific situation where the bank
monti and hysterically sentiments also expected in the spanish capital later today too and also in spain the been fresh clashes in barcelona between those supporting opposing the globe is in the hands of the rest comes as the e.u. was awarded this year's nobel peace prize for sowing peace across the continent of financial advisor and wealth manager marco petra polly marco. hi there spain's replaced greece somewhat now and it is the epicenter of the debt crisis with euro zone officials telling...
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06/12
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the italian prime minister, mario monti, said he would not leave the summit without a deal, he would block other discussions. finally, angela merkel agreed to be more flexible about bailouts and to accept direct help for the banks. >> italy has worked a lot and put a lot of pressure at the negotiating table for this result to be achieved. >> what was in the deal? the bailout fund will be able to help banks directly rather than going the government and increasing their debt, but only after a powerful banking supervisor is in place an extra flexibility for the bailout fund to buy government bonds and so force down borrowing costs. the spanish had big smiles, and the italian prime minister claimed double satisfaction, his country having beaten germany at the football. in the future, italy would be able to access bailout funds without tough austerity conditions. back home, some say chancellor merkel had suffered a painful defeat. she said she had been able to make concessions because she had one tighter controls over the banks. >> when you have a meeting late into the night, there is a c
the italian prime minister, mario monti, said he would not leave the summit without a deal, he would block other discussions. finally, angela merkel agreed to be more flexible about bailouts and to accept direct help for the banks. >> italy has worked a lot and put a lot of pressure at the negotiating table for this result to be achieved. >> what was in the deal? the bailout fund will be able to help banks directly rather than going the government and increasing their debt, but only...
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italy has been and the eye of a euro zone storm for weeks now and while prime minister mario monti may have returned from the e.u. summit as a winner he's facing tough times at home italians are becoming increasingly angry about the government's austerity push when alternative political forces gaining popularity as a teaser for us now reports some people seemingly would rather trust a comic and their prime minister. on that it's least economic situation it's no laughing matter so it might come as some surprise that it's full of a t.v. comedian that take a piece of the latest character to still italy's political spotlight almost as the euro crisis continue voters have become increasingly disillusioned with mainstream politics in a radical apocalypse bridge and grassroots movements such as youth organizations they write and i think growing in force and popularity that they could alone and his five star movement now thrive online shunning traditional media and gaining huge respect with its li younger generation something that technocrat premier nary a monkey has say far failed to do they'
italy has been and the eye of a euro zone storm for weeks now and while prime minister mario monti may have returned from the e.u. summit as a winner he's facing tough times at home italians are becoming increasingly angry about the government's austerity push when alternative political forces gaining popularity as a teaser for us now reports some people seemingly would rather trust a comic and their prime minister. on that it's least economic situation it's no laughing matter so it might come...
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monti spending cuts despite government efforts italy continues to slide deeper into recession with the youth unemployment rate at thirty five percent. the u.s. defense secretary leon panetta has lashed out at the afghan president saying your country's leader should thank nato forces for fighting and dying in his country he was responding to hamad karzai is complaints this thursday that washington is failing to go after militants based in pakistan other outcomes as the alliance continues to suffer so-called insider attacks in which afghans turn their guns on coalition troops some two thousand u.s. soldiers have lost their lives since the war began in two thousand and one. libyan troops are in circling the city of bani walid a former stronghold of the country's ousted leader moammar gadhafi locals are claiming the city is practically under siege with food and fuel supplies blocked tensions were sparked by the death of a former rebel credited with the colonel's capture and the man in question was kidnapped and held up near bani walid he died shortly after his release due to injuries infli
monti spending cuts despite government efforts italy continues to slide deeper into recession with the youth unemployment rate at thirty five percent. the u.s. defense secretary leon panetta has lashed out at the afghan president saying your country's leader should thank nato forces for fighting and dying in his country he was responding to hamad karzai is complaints this thursday that washington is failing to go after militants based in pakistan other outcomes as the alliance continues to...